Pranav Haridasan, MD & CEO, Axis Securities says, “This development removes a significant short-term overhang from the markets. We believe that the near-term markets are likely to see strong interest, led by a rebound in industrial growth and a benign interest rate trajectory. Yesterday’s events have lowered risk for investors in the short term, and they can expect a good closing for the calendar year. In the medium term, critical market risks remain higher than historical valuation levels and potential global slowdowns, especially in the US, China, and Europe.”